UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington D. C. 20549

                                    Form 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934




      Date of Report (Date of earliest event reported):  September 25, 2003


                          BANK OF AMERICA ALT LOAN TRUST
             Mortgage Pass-Through Certificates, Series 2003-7 Trust
              (Exact name of registrant as specified in its charter)

New York (governing law of            333-105940-09       54-2123764
Pooling and Servicing Agreement)      (Commission         IRS EIN
(State or other                       File Number)
jurisdiction
of Incorporation)




       c/o Wells Fargo Bank Minnesota, N.A.
       9062 Old Annapolis Road
       Columbia, MD                                         21045
       (Address of principal executive offices)             (Zip Code)

       Registrant's telephone number, including area code:  (410) 884-2000


       (Former name or former address, if changed since last report)


ITEM 5.  Other Events

 On September 25, 2003 a distribution was made to holders of BANK OF AMERICA
 ALT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-7 Trust.



ITEM 7.  Financial Statements and Exhibits

      (c)  Exhibits furnished in accordance with Item 601(a) of Regulation S-K


           Exhibit Number               Description

           EX-99.1                      Monthly report distributed to holders of
                                        Mortgage Pass-Through Certificates,
                                        Series 2003-7 Trust, relating to the
                                        September 25, 2003 distribution.



Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                          BANK OF AMERICA ALT LOAN TRUST
             Mortgage Pass-Through Certificates, Series 2003-7 Trust

              By:    Wells Fargo Bank  Minnesota, N.A. as Trustee
              By:   /s/   Beth Belfield, Assistant Vice President
              By:    Beth Belfield, Assistant Vice President

              Date:  10/3/03
                                INDEX TO EXHIBITS


Exhibit Number            Description

EX-99.1                   Monthly report distributed to holders of Mortgage
                          Pass-Through Certificates, Series 2003-7 Trust,
                          relating to the September 25, 2003 distribution.





                   EX-99.1



Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates



Record Date:             8/31/03
Distribution Date:       9/25/03


BAA  Series: 2003-7

Contact: Customer Service - CTSLink
         Wells Fargo Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 815-6600
         Fax:       (301) 815-6660







                                          Certificateholder Distribution Summary

                             Certificate    Certificate                  Beginning
                             Class          Pass-Through               Certificate           Interest          Principal
Class             CUSIP      Description    Rate                            Balance       Distribution       Distribution

<s>          <c>             <c>            <c>                <c>                <c>                <c>
1-CB-1           05948KEJ4      SEN         5.50000%                 100,000,000.00         458,333.33         537,094.38
1-CB-WIO         05948KEK1      SEN         0.31723%                           0.00          14,917.85               0.00
1-AR             05948KEU9      SEN         5.50000%                         100.00               0.57             100.00
1-A-1            05948KEL9      SEN         5.50000%                 116,638,000.00         534,590.83       1,041,528.35
1-A-2            05948KEM7      SEN         5.50000%                  26,298,000.00         120,532.50               0.00
1-A-3            05948KEN5      SEN         5.50000%                   1,311,000.00           6,008.75               0.00
1-A-4            05948KEP0      SEN         5.50000%                 130,487,000.00         598,065.42       1,041,528.35
1-A-5            05948KEQ8      SEN         0.00000%                     598,261.00               0.00               0.00
1-A-6            05948KFS3      SEN         5.75000%                   3,287,000.00          15,750.21               0.00
1-A-7            05948KER6      SEN         5.75000%                   1,250,000.00           5,989.58               0.00
1-A-8            05948KES4      SEN         5.75000%                   2,975,000.00          14,255.21               0.00
1-A-9            05948KET2      SEN         5.75000%                   5,649,739.00          27,071.67               0.00
1-A-WIO          05948KEV7      SEN         0.31835%                           0.00          42,767.16               0.00
2-A-1            05948KEW5      SEN         5.00000%                  57,754,000.00         240,641.67         412,364.39
2-A-2            05948KEX3      SEN         5.00000%                  65,267,000.00         271,945.83         412,364.39
2-A-3            05948KEY1      SEN         5.00000%                  24,873,000.00         103,637.50               0.00
2-A-4            05948KEZ8      SEN         5.00000%                  73,948,000.00         308,116.67         412,369.97
2-A-WIO          05948KFA2      SEN         0.34400%                           0.00          37,346.98               0.00
A-PO             05948KFB0      PO          0.00000%                  12,413,176.11               0.00          64,121.76
1-B-1            05948KFC8      SUB         5.50000%                   8,947,439.00          41,009.10           9,457.92
1-B-2            05948KFD6      SUB         5.50000%                   4,162,390.00          19,077.62           4,399.87
1-B-3            05948KFE4      SUB         5.50000%                   2,080,895.00           9,537.44           2,199.62
1-B-4            05948KFL8      SUB         5.50000%                   2,080,495.00           9,535.60           2,199.19
1-B-5            05948KFM6      SUB         5.50000%                   1,457,136.00           6,678.54           1,540.27
1-B-6            05948KFN4      SUB         5.50000%                   1,664,881.00           7,630.70           1,759.87
2-B-1            05948KFF1      SUB         5.00000%                   2,319,440.00           9,664.33           8,861.51
2-B-2            05948KFG9      SUB         5.00000%                     811,804.00           3,382.52           3,101.53
2-B-3            05948KFH7      SUB         5.00000%                     811,804.00           3,382.52           3,101.53
2-B-4            05948KFP9      SUB         5.00000%                     463,888.00           1,932.87           1,772.30
2-B-5            05948KFQ7      SUB         5.00000%                     231,944.00             966.43             886.15
2-B-6            05948KFR5      SUB         5.00000%                     348,100.00           1,450.42           1,329.93
SES              05948KFU8      SEN         0.00000%                           0.00         108,021.59               0.00
Totals                                                               648,129,492.11       3,022,241.41       3,962,081.28




                     Certificateholder Distribution Summary (continued)

                          Current             Ending                            Cumulative
                         Realized        Certificate              Total           Realized
Class                         Loss            Balance       Distribution             Losses

<s>            <c>               <c>                <c>                <c>
1-CB-1                        0.00      99,462,905.62         995,427.71               0.00
1-CB-WIO                      0.00               0.00          14,917.85               0.00
1-AR                          0.00               0.00             100.57               0.00
1-A-1                         0.00     115,596,471.65       1,576,119.18               0.00
1-A-2                         0.00      26,298,000.00         120,532.50               0.00
1-A-3                         0.00       1,311,000.00           6,008.75               0.00
1-A-4                         0.00     129,445,471.65       1,639,593.77               0.00
1-A-5                         0.00         598,261.00               0.00               0.00
1-A-6                         0.00       3,287,000.00          15,750.21               0.00
1-A-7                         0.00       1,250,000.00           5,989.58               0.00
1-A-8                         0.00       2,975,000.00          14,255.21               0.00
1-A-9                         0.00       5,649,739.00          27,071.67               0.00
1-A-WIO                       0.00               0.00          42,767.16               0.00
2-A-1                         0.00      57,341,635.61         653,006.06               0.00
2-A-2                         0.00      64,854,635.61         684,310.22               0.00
2-A-3                         0.00      24,873,000.00         103,637.50               0.00
2-A-4                         0.00      73,535,630.03         720,486.64               0.00
2-A-WIO                       0.00               0.00          37,346.98               0.00
A-PO                          0.00      12,349,054.35          64,121.76               0.00
1-B-1                         0.00       8,937,981.08          50,467.02               0.00
1-B-2                         0.00       4,157,990.13          23,477.49               0.00
1-B-3                         0.00       2,078,695.38          11,737.06               0.00
1-B-4                         0.00       2,078,295.81          11,734.79               0.00
1-B-5                         0.00       1,455,595.73           8,218.81               0.00
1-B-6                         0.00       1,663,121.13           9,390.57               0.00
2-B-1                         0.00       2,310,578.49          18,525.84               0.00
2-B-2                         0.00         808,702.47           6,484.05               0.00
2-B-3                         0.00         808,702.47           6,484.05               0.00
2-B-4                         0.00         462,115.70           3,705.17               0.00
2-B-5                         0.00         231,057.85           1,852.58               0.00
2-B-6                         0.00         346,770.07           2,780.35               0.00
SES                           0.00               0.00         108,021.59               0.00
Totals                        0.00     644,167,410.83       6,984,322.69               0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.




</FN>




                                                Principal Distribution Statement

                         Original            Beginning          Scheduled       Unscheduled
                             Face          Certificate          Principal         Principal                        Realized
Class                       Amount              Balance       Distribution      Distribution        Accretion       Loss (1)

<s>            <c>               <c>                  <c>                <c>               <c>              <c>
1-CB-1              100,000,000.00       100,000,000.00         105,600.94        431,493.44             0.00           0.00
1-CB-WIO                      0.00                 0.00               0.00              0.00             0.00           0.00
1-AR                        100.00               100.00              14.64             85.36             0.00           0.00
1-A-1               116,638,000.00       116,638,000.00         152,521.78        889,006.57             0.00           0.00
1-A-2                26,298,000.00        26,298,000.00               0.00              0.00             0.00           0.00
1-A-3                 1,311,000.00         1,311,000.00               0.00              0.00             0.00           0.00
1-A-4               130,487,000.00       130,487,000.00         152,521.78        889,006.57             0.00           0.00
1-A-5                   598,261.00           598,261.00               0.00              0.00             0.00           0.00
1-A-6                 3,287,000.00         3,287,000.00               0.00              0.00             0.00           0.00
1-A-7                 1,250,000.00         1,250,000.00               0.00              0.00             0.00           0.00
1-A-8                 2,975,000.00         2,975,000.00               0.00              0.00             0.00           0.00
1-A-9                 5,649,739.00         5,649,739.00               0.00              0.00             0.00           0.00
1-A-WIO                       0.00                 0.00               0.00              0.00             0.00           0.00
2-A-1                57,754,000.00        57,754,000.00         282,515.86        129,848.53             0.00           0.00
2-A-2                65,267,000.00        65,267,000.00         282,515.86        129,848.53             0.00           0.00
2-A-3                24,873,000.00        24,873,000.00               0.00              0.00             0.00           0.00
2-A-4                73,948,000.00        73,948,000.00         282,519.68        129,850.29             0.00           0.00
2-A-WIO                       0.00                 0.00               0.00              0.00             0.00           0.00
A-PO                 12,413,176.11        12,413,176.11          29,084.95         35,036.82             0.00           0.00
1-B-1                 8,947,439.00         8,947,439.00           9,457.92              0.00             0.00           0.00
1-B-2                 4,162,390.00         4,162,390.00           4,399.87              0.00             0.00           0.00
1-B-3                 2,080,895.00         2,080,895.00           2,199.62              0.00             0.00           0.00
1-B-4                 2,080,495.00         2,080,495.00           2,199.19              0.00             0.00           0.00
1-B-5                 1,457,136.00         1,457,136.00           1,540.27              0.00             0.00           0.00
1-B-6                 1,664,881.00         1,664,881.00           1,759.87              0.00             0.00           0.00
2-B-1                 2,319,440.00         2,319,440.00           8,861.51              0.00             0.00           0.00
2-B-2                   811,804.00           811,804.00           3,101.53              0.00             0.00           0.00
2-B-3                   811,804.00           811,804.00           3,101.53              0.00             0.00           0.00
2-B-4                   463,888.00           463,888.00           1,772.30              0.00             0.00           0.00
2-B-5                   231,944.00           231,944.00             886.15              0.00             0.00           0.00
2-B-6                   348,100.00           348,100.00           1,329.93              0.00             0.00           0.00
SES                           0.00                 0.00               0.00              0.00             0.00           0.00
Totals              648,129,492.11       648,129,492.11       1,327,905.18      2,634,176.11             0.00           0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.

</FN>

 
 

                                               Principal Distribution Statement (continued)

                             Total               Ending           Ending               Total
                         Principal          Certificate      Certificate           Principal
 Class                    Reduction              Balance       Percentage        Distribution

 <s>            <c>               <c>                  <c>              <c>
 1-CB-1                  537,094.38        99,462,905.62       0.99462906          537,094.38
 1-CB-WIO                      0.00                 0.00       0.00000000                0.00
 1-AR                        100.00                 0.00       0.00000000              100.00
 1-A-1                 1,041,528.35       115,596,471.65       0.99107042        1,041,528.35
 1-A-2                         0.00        26,298,000.00       1.00000000                0.00
 1-A-3                         0.00         1,311,000.00       1.00000000                0.00
 1-A-4                 1,041,528.35       129,445,471.65       0.99201814        1,041,528.35
 1-A-5                         0.00           598,261.00       1.00000000                0.00
 1-A-6                         0.00         3,287,000.00       1.00000000                0.00
 1-A-7                         0.00         1,250,000.00       1.00000000                0.00
 1-A-8                         0.00         2,975,000.00       1.00000000                0.00
 1-A-9                         0.00         5,649,739.00       1.00000000                0.00
 1-A-WIO                       0.00                 0.00       0.00000000                0.00
 2-A-1                   412,364.39        57,341,635.61       0.99285999          412,364.39
 2-A-2                   412,364.39        64,854,635.61       0.99368189          412,364.39
 2-A-3                         0.00        24,873,000.00       1.00000000                0.00
 2-A-4                   412,369.97        73,535,630.03       0.99442351          412,369.97
 2-A-WIO                       0.00                 0.00       0.00000000                0.00
 A-PO                     64,121.76        12,349,054.35       0.99483438           64,121.76
 1-B-1                     9,457.92         8,937,981.08       0.99894295            9,457.92
 1-B-2                     4,399.87         4,157,990.13       0.99894295            4,399.87
 1-B-3                     2,199.62         2,078,695.38       0.99894295            2,199.62
 1-B-4                     2,199.19         2,078,295.81       0.99894295            2,199.19
 1-B-5                     1,540.27         1,455,595.73       0.99894295            1,540.27
 1-B-6                     1,759.87         1,663,121.13       0.99894295            1,759.87
 2-B-1                     8,861.51         2,310,578.49       0.99617946            8,861.51
 2-B-2                     3,101.53           808,702.47       0.99617946            3,101.53
 2-B-3                     3,101.53           808,702.47       0.99617946            3,101.53
 2-B-4                     1,772.30           462,115.70       0.99617947            1,772.30
 2-B-5                       886.15           231,057.85       0.99617947              886.15
 2-B-6                     1,329.93           346,770.07       0.99617946            1,329.93
 SES                           0.00                 0.00       0.00000000                0.00
 Totals                3,962,081.28       644,167,410.83       0.99388690        3,962,081.28

 



                                     Principal Distribution Factors Statement

                             Original          Beginning         Scheduled        Unscheduled
                                 Face        Certificate         Principal          Principal
Class (2)                       Amount            Balance      Distribution       Distribution          Accretion


 <s>           <c>                   <c>                <c>               <c>                <c>
1-CB-1                  100,000,000.00      1000.00000000        1.05600940         4.31493440         0.00000000
1-CB-WIO                          0.00         0.00000000        0.00000000         0.00000000         0.00000000
1-AR                            100.00      1000.00000000      146.40000000       853.60000000         0.00000000
1-A-1                   116,638,000.00      1000.00000000        1.30765085         7.62192913         0.00000000
1-A-2                    26,298,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-3                     1,311,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-4                   130,487,000.00      1000.00000000        1.16886571         6.81298957         0.00000000
1-A-5                       598,261.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-6                     3,287,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-7                     1,250,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-8                     2,975,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-9                     5,649,739.00      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-WIO                           0.00         0.00000000        0.00000000         0.00000000         0.00000000
2-A-1                    57,754,000.00      1000.00000000        4.89171070         2.24830367         0.00000000
2-A-2                    65,267,000.00      1000.00000000        4.32861722         1.98949745         0.00000000
2-A-3                    24,873,000.00      1000.00000000        0.00000000         0.00000000         0.00000000
2-A-4                    73,948,000.00      1000.00000000        3.82051820         1.75596757         0.00000000
2-A-WIO                           0.00         0.00000000        0.00000000         0.00000000         0.00000000
A-PO                     12,413,176.11      1000.00000000        2.34307076         2.82255079         0.00000000
1-B-1                     8,947,439.00      1000.00000000        1.05705331         0.00000000         0.00000000
1-B-2                     4,162,390.00      1000.00000000        1.05705376         0.00000000         0.00000000
1-B-3                     2,080,895.00      1000.00000000        1.05705478         0.00000000         0.00000000
1-B-4                     2,080,495.00      1000.00000000        1.05705133         0.00000000         0.00000000
1-B-5                     1,457,136.00      1000.00000000        1.05705301         0.00000000         0.00000000
1-B-6                     1,664,881.00      1000.00000000        1.05705453         0.00000000         0.00000000
2-B-1                     2,319,440.00      1000.00000000        3.82053858         0.00000000         0.00000000
2-B-2                       811,804.00      1000.00000000        3.82054043         0.00000000         0.00000000
2-B-3                       811,804.00      1000.00000000        3.82054043         0.00000000         0.00000000
2-B-4                       463,888.00      1000.00000000        3.82053427         0.00000000         0.00000000
2-B-5                       231,944.00      1000.00000000        3.82053427         0.00000000         0.00000000
2-B-6                       348,100.00      1000.00000000        3.82054007         0.00000000         0.00000000
SES                               0.00         0.00000000        0.00000000         0.00000000         0.00000000
<FN>
(2)  All Classes are per $1,000 denomination.
</FN>







                                Principal Distribution Factors Statement (continued)

                                               Total             Ending            Ending              Total
                         Realized          Principal        Certificate       Certificate          Principal
Class                     Loss (3)          Reduction            Balance        Percentage       Distribution

<s>            <c>               <c>                <c>                <c>               <c>
1-CB-1                  0.00000000         5.37094380       994.62905620        0.99462906         5.37094380
1-CB-WIO                0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
1-AR                    0.00000000     1,000.00000000         0.00000000        0.00000000     1,000.00000000
1-A-1                   0.00000000         8.92957998       991.07042002        0.99107042         8.92957998
1-A-2                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-3                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-4                   0.00000000         7.98185528       992.01814472        0.99201814         7.98185528
1-A-5                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-6                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-7                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-8                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-9                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
1-A-WIO                 0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
2-A-1                   0.00000000         7.14001437       992.85998563        0.99285999         7.14001437
2-A-2                   0.00000000         6.31811467       993.68188533        0.99368189         6.31811467
2-A-3                   0.00000000         0.00000000     1,000.00000000        1.00000000         0.00000000
2-A-4                   0.00000000         5.57648577       994.42351423        0.99442351         5.57648577
2-A-WIO                 0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
A-PO                    0.00000000         5.16562074       994.83437926        0.99483438         5.16562074
1-B-1                   0.00000000         1.05705331       998.94294669        0.99894295         1.05705331
1-B-2                   0.00000000         1.05705376       998.94294624        0.99894295         1.05705376
1-B-3                   0.00000000         1.05705478       998.94294522        0.99894295         1.05705478
1-B-4                   0.00000000         1.05705133       998.94294867        0.99894295         1.05705133
1-B-5                   0.00000000         1.05705301       998.94294699        0.99894295         1.05705301
1-B-6                   0.00000000         1.05705453       998.94294547        0.99894295         1.05705453
2-B-1                   0.00000000         3.82053858       996.17946142        0.99617946         3.82053858
2-B-2                   0.00000000         3.82054043       996.17945957        0.99617946         3.82054043
2-B-3                   0.00000000         3.82054043       996.17945957        0.99617946         3.82054043
2-B-4                   0.00000000         3.82053427       996.17946573        0.99617947         3.82053427
2-B-5                   0.00000000         3.82053427       996.17946573        0.99617947         3.82053427
2-B-6                   0.00000000         3.82054007       996.17945993        0.99617946         3.82054007
SES                     0.00000000         0.00000000         0.00000000        0.00000000         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>









                                                Interest Distribution Statement

                                                            Beginning                           Payment of
                         Original          Current       Certificate/            Current            Unpaid            Current
                             Face      Certificate           Notional            Accrued          Interest           Interest
Class                       Amount             Rate            Balance           Interest         Shortfall          Shortfall

<s>            <c>               <c>              <c>                <c>                <c>               <c>

1-CB-1              100,000,000.00         5.50000%     100,000,000.00         458,333.33              0.00               0.00
1-CB-WIO                      0.00         0.31723%      56,430,175.00          14,917.85              0.00               0.00
1-AR                        100.00         5.50000%             100.00               0.46              0.00               0.00
1-A-1               116,638,000.00         5.50000%     116,638,000.00         534,590.83              0.00               0.00
1-A-2                26,298,000.00         5.50000%      26,298,000.00         120,532.50              0.00               0.00
1-A-3                 1,311,000.00         5.50000%       1,311,000.00           6,008.75              0.00               0.00
1-A-4               130,487,000.00         5.50000%     130,487,000.00         598,065.42              0.00               0.00
1-A-5                   598,261.00         0.00000%         598,261.00               0.00              0.00               0.00
1-A-6                 3,287,000.00         5.75000%       3,287,000.00          15,750.21              0.00               0.00
1-A-7                 1,250,000.00         5.75000%       1,250,000.00           5,989.58              0.00               0.00
1-A-8                 2,975,000.00         5.75000%       2,975,000.00          14,255.21              0.00               0.00
1-A-9                 5,649,739.00         5.75000%       5,649,739.00          27,071.67              0.00               0.00
1-A-WIO                       0.00         0.31835%     161,206,744.00          42,767.16              0.00               0.00
2-A-1                57,754,000.00         5.00000%      57,754,000.00         240,641.67              0.00               0.00
2-A-2                65,267,000.00         5.00000%      65,267,000.00         271,945.83              0.00               0.00
2-A-3                24,873,000.00         5.00000%      24,873,000.00         103,637.50              0.00               0.00
2-A-4                73,948,000.00         5.00000%      73,948,000.00         308,116.67              0.00               0.00
2-A-WIO                       0.00         0.34400%     130,278,560.00          37,346.98              0.00               0.00
A-PO                 12,413,176.11         0.00000%      12,413,176.11               0.00              0.00               0.00
1-B-1                 8,947,439.00         5.50000%       8,947,439.00          41,009.10              0.00               0.00
1-B-2                 4,162,390.00         5.50000%       4,162,390.00          19,077.62              0.00               0.00
1-B-3                 2,080,895.00         5.50000%       2,080,895.00           9,537.44              0.00               0.00
1-B-4                 2,080,495.00         5.50000%       2,080,495.00           9,535.60              0.00               0.00
1-B-5                 1,457,136.00         5.50000%       1,457,136.00           6,678.54              0.00               0.00
1-B-6                 1,664,881.00         5.50000%       1,664,881.00           7,630.70              0.00               0.00
2-B-1                 2,319,440.00         5.00000%       2,319,440.00           9,664.33              0.00               0.00
2-B-2                   811,804.00         5.00000%         811,804.00           3,382.52              0.00               0.00
2-B-3                   811,804.00         5.00000%         811,804.00           3,382.52              0.00               0.00
2-B-4                   463,888.00         5.00000%         463,888.00           1,932.87              0.00               0.00
2-B-5                   231,944.00         5.00000%         231,944.00             966.43              0.00               0.00
2-B-6                   348,100.00         5.00000%         348,100.00           1,450.42              0.00               0.00
SES                           0.00         0.00000%     648,129,493.05               0.00              0.00               0.00
Totals              648,129,492.11                                           2,914,219.71              0.00               0.00

 
 

                                      Interest Distribution Statement (continued)

                                                                                   Remaining                Ending
                     Non-Supported                                   Total            Unpaid          Certificate/
                          Interest           Realized             Interest          Interest              Notional
 Class                    Shortfall         Losses (4)         Distribution         Shortfall               Balance


 <s>            <c>               <c>                <c>                  <c>                 <c>
 1-CB-1                        0.00               0.00           458,333.33              0.00         99,462,905.62
 1-CB-WIO                      0.00               0.00            14,917.85              0.00         56,104,516.91
 1-AR                          0.00               0.00                 0.57              0.00                  0.00
 1-A-1                         0.00               0.00           534,590.83              0.00        115,596,471.65
 1-A-2                         0.00               0.00           120,532.50              0.00         26,298,000.00
 1-A-3                         0.00               0.00             6,008.75              0.00          1,311,000.00
 1-A-4                         0.00               0.00           598,065.42              0.00        129,445,471.65
 1-A-5                         0.00               0.00                 0.00              0.00            598,261.00
 1-A-6                         0.00               0.00            15,750.21              0.00          3,287,000.00
 1-A-7                         0.00               0.00             5,989.58              0.00          1,250,000.00
 1-A-8                         0.00               0.00            14,255.21              0.00          2,975,000.00
 1-A-9                         0.00               0.00            27,071.67              0.00          5,649,739.00
 1-A-WIO                       0.00               0.00            42,767.16              0.00        159,713,250.10
 2-A-1                         0.00               0.00           240,641.67              0.00         57,341,635.61
 2-A-2                         0.00               0.00           271,945.83              0.00         64,854,635.61
 2-A-3                         0.00               0.00           103,637.50              0.00         24,873,000.00
 2-A-4                         0.00               0.00           308,116.67              0.00         73,535,630.03
 2-A-WIO                       0.00               0.00            37,346.98              0.00        129,716,844.90
 A-PO                          0.00               0.00                 0.00              0.00         12,349,054.35
 1-B-1                         0.00               0.00            41,009.10              0.00          8,937,981.08
 1-B-2                         0.00               0.00            19,077.62              0.00          4,157,990.13
 1-B-3                         0.00               0.00             9,537.44              0.00          2,078,695.38
 1-B-4                         0.00               0.00             9,535.60              0.00          2,078,295.81
 1-B-5                         0.00               0.00             6,678.54              0.00          1,455,595.73
 1-B-6                         0.00               0.00             7,630.70              0.00          1,663,121.13
 2-B-1                         0.00               0.00             9,664.33              0.00          2,310,578.49
 2-B-2                         0.00               0.00             3,382.52              0.00            808,702.47
 2-B-3                         0.00               0.00             3,382.52              0.00            808,702.47
 2-B-4                         0.00               0.00             1,932.87              0.00            462,115.70
 2-B-5                         0.00               0.00               966.43              0.00            231,057.85
 2-B-6                         0.00               0.00             1,450.42              0.00            346,770.07
 SES                           0.00               0.00           108,021.59              0.00        644,167,411.75
 Totals                        0.00               0.00         3,022,241.41              0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.


 </FN>
 




                                               Interest Distribution Factors Statement
                                                              Beginning                           Payment of
                           Original          Current       Certificate/           Current             Unpaid            Current
                               Face      Certificate           Notional           Accrued          Interest            Interest
Class (5)                     Amount             Rate            Balance          Interest          Shortfall          Shortfall


<s>           <c>                  <c>              <c>                <c>               <c>                <c>
1-CB-1                100,000,000.00         5.50000%      1000.00000000        4.58333330         0.00000000         0.00000000
1-CB-WIO                        0.00         0.31723%      1000.00000000        0.26435945         0.00000000         0.00000000
1-AR                          100.00         5.50000%      1000.00000000        4.60000000         0.00000000         0.00000000
1-A-1                 116,638,000.00         5.50000%      1000.00000000        4.58333330         0.00000000         0.00000000
1-A-2                  26,298,000.00         5.50000%      1000.00000000        4.58333333         0.00000000         0.00000000
1-A-3                   1,311,000.00         5.50000%      1000.00000000        4.58333333         0.00000000         0.00000000
1-A-4                 130,487,000.00         5.50000%      1000.00000000        4.58333336         0.00000000         0.00000000
1-A-5                     598,261.00         0.00000%      1000.00000000        0.00000000         0.00000000         0.00000000
1-A-6                   3,287,000.00         5.75000%      1000.00000000        4.79166717         0.00000000         0.00000000
1-A-7                   1,250,000.00         5.75000%      1000.00000000        4.79166400         0.00000000         0.00000000
1-A-8                   2,975,000.00         5.75000%      1000.00000000        4.79166723         0.00000000         0.00000000
1-A-9                   5,649,739.00         5.75000%      1000.00000000        4.79166737         0.00000000         0.00000000
1-A-WIO                         0.00         0.31835%      1000.00000000        0.26529386         0.00000000         0.00000000
2-A-1                  57,754,000.00         5.00000%      1000.00000000        4.16666672         0.00000000         0.00000000
2-A-2                  65,267,000.00         5.00000%      1000.00000000        4.16666662         0.00000000         0.00000000
2-A-3                  24,873,000.00         5.00000%      1000.00000000        4.16666667         0.00000000         0.00000000
2-A-4                  73,948,000.00         5.00000%      1000.00000000        4.16666671         0.00000000         0.00000000
2-A-WIO                         0.00         0.34400%      1000.00000000        0.28667019         0.00000000         0.00000000
A-PO                   12,413,176.11         0.00000%      1000.00000000        0.00000000         0.00000000         0.00000000
1-B-1                   8,947,439.00         5.50000%      1000.00000000        4.58333385         0.00000000         0.00000000
1-B-2                   4,162,390.00         5.50000%      1000.00000000        4.58333313         0.00000000         0.00000000
1-B-3                   2,080,895.00         5.50000%      1000.00000000        4.58333554         0.00000000         0.00000000
1-B-4                   2,080,495.00         5.50000%      1000.00000000        4.58333233         0.00000000         0.00000000
1-B-5                   1,457,136.00         5.50000%      1000.00000000        4.58333333         0.00000000         0.00000000
1-B-6                   1,664,881.00         5.50000%      1000.00000000        4.58333058         0.00000000         0.00000000
2-B-1                   2,319,440.00         5.00000%      1000.00000000        4.16666523         0.00000000         0.00000000
2-B-2                     811,804.00         5.00000%      1000.00000000        4.16667077         0.00000000         0.00000000
2-B-3                     811,804.00         5.00000%      1000.00000000        4.16667077         0.00000000         0.00000000
2-B-4                     463,888.00         5.00000%      1000.00000000        4.16667385         0.00000000         0.00000000
2-B-5                     231,944.00         5.00000%      1000.00000000        4.16665230         0.00000000         0.00000000
2-B-6                     348,100.00         5.00000%      1000.00000000        4.16667624         0.00000000         0.00000000
SES                             0.00         0.00000%      1000.00000000        0.00000000         0.00000000         0.00000000
<FN>
(5)  All Classes are per $1,000 denomination.


</FN>



                                 Interest Distribution Factors Statement (continued)

                                                                                Remaining             Ending
                    Non-Supported                                 Total            Unpaid       Certificate/
                         Interest           Realized           Interest          Interest           Notional
Class                    Shortfall         Losses (6)       Distribution         Shortfall            Balance


<s>            <c>               <c>                <c>                <c>            <c>
1-CB-1                  0.00000000         0.00000000         4.58333330        0.00000000       994.62905620
1-CB-WIO                0.00000000         0.00000000         0.26435945        0.00000000       994.22900797
1-AR                    0.00000000         0.00000000         5.70000000        0.00000000         0.00000000
1-A-1                   0.00000000         0.00000000         4.58333330        0.00000000       991.07042002
1-A-2                   0.00000000         0.00000000         4.58333333        0.00000000      1000.00000000
1-A-3                   0.00000000         0.00000000         4.58333333        0.00000000      1000.00000000
1-A-4                   0.00000000         0.00000000         4.58333336        0.00000000       992.01814472
1-A-5                   0.00000000         0.00000000         0.00000000        0.00000000      1000.00000000
1-A-6                   0.00000000         0.00000000         4.79166717        0.00000000      1000.00000000
1-A-7                   0.00000000         0.00000000         4.79166400        0.00000000      1000.00000000
1-A-8                   0.00000000         0.00000000         4.79166723        0.00000000      1000.00000000
1-A-9                   0.00000000         0.00000000         4.79166737        0.00000000      1000.00000000
1-A-WIO                 0.00000000         0.00000000         0.26529386        0.00000000       990.73553709
2-A-1                   0.00000000         0.00000000         4.16666672        0.00000000       992.85998563
2-A-2                   0.00000000         0.00000000         4.16666662        0.00000000       993.68188533
2-A-3                   0.00000000         0.00000000         4.16666667        0.00000000      1000.00000000
2-A-4                   0.00000000         0.00000000         4.16666671        0.00000000       994.42351423
2-A-WIO                 0.00000000         0.00000000         0.28667019        0.00000000       995.68835348
A-PO                    0.00000000         0.00000000         0.00000000        0.00000000       994.83437926
1-B-1                   0.00000000         0.00000000         4.58333385        0.00000000       998.94294669
1-B-2                   0.00000000         0.00000000         4.58333313        0.00000000       998.94294624
1-B-3                   0.00000000         0.00000000         4.58333554        0.00000000       998.94294522
1-B-4                   0.00000000         0.00000000         4.58333233        0.00000000       998.94294867
1-B-5                   0.00000000         0.00000000         4.58333333        0.00000000       998.94294699
1-B-6                   0.00000000         0.00000000         4.58333058        0.00000000       998.94294547
2-B-1                   0.00000000         0.00000000         4.16666523        0.00000000       996.17946142
2-B-2                   0.00000000         0.00000000         4.16667077        0.00000000       996.17945957
2-B-3                   0.00000000         0.00000000         4.16667077        0.00000000       996.17945957
2-B-4                   0.00000000         0.00000000         4.16667385        0.00000000       996.17946573
2-B-5                   0.00000000         0.00000000         4.16665230        0.00000000       996.17946573
2-B-6                   0.00000000         0.00000000         4.16667624        0.00000000       996.17945993
SES                     0.00000000         0.00000000         0.16666668        0.00000000       993.88689862
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>








                                                  Certificateholder Component Statement
                        Component          Beginning             Ending         Beginning             Ending             Ending
                     Pass-Through           Notional           Notional         Component          Component          Component
Class                         Rate            Balance            Balance           Balance            Balance         Percentage

<s>              <c>             <c>                <c>                <c>               <c>                <c>
     1-CB-APO             0.00000%               0.00               0.00      1,896,246.92       1,882,241.32       99.26140421%
      1-A-APO             0.00000%               0.00               0.00      5,401,892.72       5,374,127.86       99.48601608%
       2-APO              0.00000%               0.00               0.00      5,115,036.47       5,092,685.16       99.56302736%
     1-CB-SES             0.00000%     107,146,436.19     106,589,791.96              0.00               0.00       99.48048274%
      1-A-SES             0.00000%     309,039,040.12     306,912,106.06              0.00               0.00       99.31175878%
       2-SES              0.00000%     231,944,016.74     230,665,513.73              0.00               0.00       99.44878811%



                                                  CERTIFICATEHOLDER ACCOUNT STATEMENT

                                                          CERTIFICATE ACCOUNT

<s>                                                                                      <c>
Beginning Balance                                                                                              0.00
Deposits
     Payments of Interest and Principal                                                                7,013,218.44
     Liquidations, Insurance Proceeds, Reserve Funds                                                           0.00
     Proceeds from Repurchased Loans                                                                           0.00
     Other Amounts (Servicer Advances)                                                                         0.00
     Realized Loss (Gains, Subsequent Expenses & Recoveries)                                                   0.00

     Prepayment Penalties                                                                                      0.00
Total Deposits                                                                                         7,013,218.44

Withdrawals
     Reimbursement for Servicer Advances                                                                       0.00
     Payment of Service Fee                                                                               28,895.75
     Payment of Interest and Principal                                                                 6,984,322.69
Total Withdrawals (Pool Distribution Amount)                                                           7,013,218.44


Ending Balance                                                                                                 0.00






                                                PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s>                                                                                       <c>
Total Prepayment/Curtailment Interest Shortfall                                                                0.00

Servicing Fee Support                                                                                          0.00
Non-Supported Prepayment/Curtailment Interest Shortfall                                                        0.00






                                                             SERVICING FEES


<s>                                                                                       <c>
Gross Servicing Fee                                                                                       27,005.40
Trustee Fee                                                                                                1,890.35
Supported Prepayment/Curtailment Interest Shortfall                                                            0.00
Net Servicing Fee                                                                                         28,895.75






                        LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
                                                           DELINQUENCY STATUS

         DELINQUENT               BANKRUPTCY             FORECLOSURE             REO                     Total

<s>          <c>                    <c>                     <c>                     <c>                     <c>

          No of Loans             No of Loans            No of Loans             No of Loans             No of Loans
          Principal Balance       Principal Balance      Principal Balance       Principal Balance       Principal Balance
0-29 Days                         0                      0                       0                       0
                                  0.00                   0.00                    0.00                    0.00

30 Days   2                       0                      0                       0                       2
          374,718.58              0.00                   0.00                    0.00                    374,718.58

60 Days   0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

90 Days   0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

120 Days  0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

150 Days  0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

180+ Days 0                       0                      0                       0                       0
          0.00                    0.00                   0.00                    0.00                    0.00

Totals    2                       0                      0                       0                       2
          374,718.58              0.00                   0.00                    0.00                    374,718.58


          No of Loans             No of Loans            No of Loans             No of Loans             No of Loans
          Principal Balance       Principal Balance      Principal Balance       Principal Balance       Principal Balance
0-29 Days                         0.000000%              0.000000%               0.000000%               0.000000%
                                  0.000000%              0.000000%               0.000000%               0.000000%

30 Days   0.043431%               0.000000%              0.000000%               0.000000%               0.043431%
          0.058075%               0.000000%              0.000000%               0.000000%               0.058075%

60 Days   0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

90 Days   0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

120 Days  0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

150 Days  0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

180+ Days 0.000000%               0.000000%              0.000000%               0.000000%               0.000000%
          0.000000%               0.000000%              0.000000%               0.000000%               0.000000%

Totals    0.043431%               0.000000%              0.000000%               0.000000%               0.043431%
          0.058075%               0.000000%              0.000000%               0.000000%               0.058075%


 
                                                   Delinquency Status By Groups
 
                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 Group 1                 No of Loans          No of Loans           No of Loans          No of Loans          No of Loans
                         Principal Balance    Principal Balance     Principal Balance    Principal Balance    Principal Balance

 0-29 Days                                    0                     0                    0                    0
                                              0.00                  0.00                 0.00                 0.00

 30 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 60 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 90 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 120 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 150 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 180 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 Totals                  0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00



 0-29 Days                                    0.000000%             0.000000%            0.000000%            0.000000%
                                              0.000000%             0.000000%            0.000000%            0.000000%

 30 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 60 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 90 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 120 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 150 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 180 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 Totals                  0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%


<caption>
                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 Group 2                 No of Loans          No of Loans           No of Loans          No of Loans          No of Loans
                         Principal Balance    Principal Balance     Principal Balance    Principal Balance    Principal Balance

 0-29 Days                                    0                     0                    0                    0
                                              0.00                  0.00                 0.00                 0.00

 30 Days                 1                    0                     0                    0                    1
                         322,700.00           0.00                  0.00                 0.00                 322,700.00

 60 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 90 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 120 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 150 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 180 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 Totals                  1                    0                     0                    0                    1
                         322,700.00           0.00                  0.00                 0.00                 322,700.00



 0-29 Days                                    0.000000%             0.000000%            0.000000%            0.000000%
                                              0.000000%             0.000000%            0.000000%            0.000000%

 30 Days                 0.052604%            0.000000%             0.000000%            0.000000%            0.052604%
                         0.105055%            0.000000%             0.000000%            0.000000%            0.105055%

 60 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 90 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 120 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 150 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 180 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 Totals                  0.052604%            0.000000%             0.000000%            0.000000%            0.052604%
                         0.105055%            0.000000%             0.000000%            0.000000%            0.105055%


<caption>
                         DELINQUENT           BANKRUPTCY            FORECLOSURE          REO                  Total
 <s>                                                                                              
 Group 3                 No of Loans          No of Loans           No of Loans          No of Loans          No of Loans
                         Principal Balance    Principal Balance     Principal Balance    Principal Balance    Principal Balance

 0-29 Days                                    0                     0                    0                    0
                                              0.00                  0.00                 0.00                 0.00

 30 Days                 1                    0                     0                    0                    1
                         52,018.58            0.00                  0.00                 0.00                 52,018.58

 60 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 90 Days                 0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 120 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 150 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 180 Days                0                    0                     0                    0                    0
                         0.00                 0.00                  0.00                 0.00                 0.00

 Totals                  1                    0                     0                    0                    1
                         52,018.58            0.00                  0.00                 0.00                 52,018.58



 0-29 Days                                    0.000000%             0.000000%            0.000000%            0.000000%
                                              0.000000%             0.000000%            0.000000%            0.000000%

 30 Days                 0.050531%            0.000000%             0.000000%            0.000000%            0.050531%
                         0.022482%            0.000000%             0.000000%            0.000000%            0.022482%

 60 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 90 Days                 0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 120 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 150 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 180 Days                0.000000%            0.000000%             0.000000%            0.000000%            0.000000%
                         0.000000%            0.000000%             0.000000%            0.000000%            0.000000%

 Totals                  0.050531%            0.000000%             0.000000%            0.000000%            0.050531%
                         0.022482%            0.000000%             0.000000%            0.000000%            0.022482%



 



                                                            OTHER INFORMATION

<s>                                                                                 <c>
Current Period Class A Insufficient Funds                                                                  0.00
Principal Balance of Contaminated Properties                                                               0.00
Periodic Advance                                                                                       2,141.00







 
 
                                   COLLATERAL STATEMENT
                                                                            
 Collateral Description                                                          Fixed

 Weighted Average Gross Coupon                                               5.649127%
 Weighted Average Pass-Through Rate                                          5.395627%
 Weighted Average Maturity(Stepdown Calculation )                                  291
 Beginning Scheduled Collateral Loan Count                                       4,614

 Number Of Loans Paid In Full                                                        9
 Ending Scheduled Collateral Loan Count                                          4,605
 Beginning Scheduled Collateral Balance                                 648,129,492.00
 Ending Scheduled Collateral Balance                                    644,167,411.75
 Ending Actual Collateral Balance at 31-Aug-2003                        645,227,663.74
 Monthly P &I Constant                                                    4,379,043.14
 Special Servicing Fee                                                            0.00
 Prepayment Penalties                                                             0.00
 Realized Loss Amount                                                             0.00
 Cumulative Realized Loss                                                         0.00
 Class A Non-PO Optimal Amount                                            6,593,199.68
 Class AP Deferred Amount                                                         0.00
 Ending Scheduled Balance for Premium Loans                             644,167,411.75
 Scheduled Principal                                                      1,327,905.18
 Unscheduled Principal                                                    2,634,176.12
 
 
 
                                                       

 


                                     Group Level Collateral Statement
                                                   
Group                                                   Group 1                          Group 2                          Group 3
Collateral Description                            Fixed 10 Year                    Fixed 15 Year                    Fixed 15 Year
Weighted Average Coupon Rate                           5.823238                         5.823429                         5.336458
Weighted Average Net Rate                              5.573238                         5.573429                         5.086458
Weighted Average Maturity                                   356                              356                              175
Beginning Loan Count                                        727                            1,907                            1,980
Loans Paid In Full                                            2                                6                                1
Ending Loan Count                                           725                            1,901                            1,979
Beginning Scheduled Balance                      107,146,436.19                   309,039,040.12                   231,944,016.74
Ending scheduled Balance                         106,589,791.96                   306,912,106.06                   230,665,513.73
Record Date                                          08/31/2003                       08/31/2003                       08/31/2003
Principal And Interest Constant                      633,262.01                     1,827,055.02                     1,918,726.11
Scheduled Principal                                  113,312.71                       327,332.69                       887,259.78
Unscheduled Principal                                443,331.52                     1,799,601.37                       391,243.23
Scheduled Interest                                   519,949.30                     1,499,722.33                     1,031,466.33
Servicing Fees                                        22,322.16                        64,383.14                        48,321.68
Master Servicing Fees                                      0.00                             0.00                             0.00
Trustee Fee                                              312.51                           901.35                           676.49
FRY Amount                                                 0.00                             0.00                             0.00
Special Hazard Fee                                         0.00                             0.00                             0.00
Other Fee                                                  0.00                             0.00                             0.00
Pool Insurance Fee                                         0.00                             0.00                             0.00
Spread Fee 1                                               0.00                             0.00                             0.00
Spread Fee 2                                               0.00                             0.00                             0.00
Spread Fee 3                                               0.00                             0.00                             0.00
Net Interest                                         497,314.63                     1,434,437.84                       982,468.16
Realized Loss Amount                                       0.00                             0.00                             0.00
Cumulative Realized Loss                                   0.00                             0.00                             0.00
Percentage of Cumulative Losses                            0.00                             0.00                             0.00
Prepayment Penalties                                       0.00                             0.00                             0.00
Special Servicing Fee                                      0.00                             0.00                             0.00
Pass-Through Rate                                      5.569738                         5.569929                         5.082958



                                     Group Level Collateral Statement
                                                   
Group                                                     Total
Collateral Description                                    Fixed
Weighted Average Coupon Rate                           5.649127
Weighted Average Net Rate                              5.399127
Weighted Average Maturity                                   291
Beginning Loan Count                                      4,614
Loans Paid In Full                                            9
Ending Loan Count                                         4,605
Beginning Scheduled Balance                      648,129,493.05
Ending scheduled Balance                         644,167,411.75
Record Date                                          08/31/2003
Principal And Interest Constant                    4,379,043.14
Scheduled Principal                                1,327,905.18
Unscheduled Principal                              2,634,176.12
Scheduled Interest                                 3,051,137.96
Servicing Fees                                       135,026.98
Master Servicing Fees                                      0.00
Trustee Fee                                            1,890.35
FRY Amount                                                 0.00
Special Hazard Fee                                         0.00
Other Fee                                                  0.00
Pool Insurance Fee                                         0.00
Spread Fee 1                                               0.00
Spread Fee 2                                               0.00
Spread Fee 3                                               0.00
Net Interest                                       2,914,220.63
Realized Loss Amount                                       0.00
Cumulative Realized Loss                                   0.00
Percentage of Cumulative Losses                            0.00
Prepayment Penalties                                       0.00
Special Servicing Fee                                      0.00
Pass-Through Rate                                      5.395627

  
  
                       Miscellaneous Reporting

                                                                            
  Group Group 1
               CPR                                                                        4.858722%
               Subordinate %                                                              4.988294%
               Subordintate Prepay %                                                      0.000000%
               Senior Prepay %                                                          100.000000%
               Senior %                                                                  95.011706%
  Group Group 2
               CPR                                                                        6.775291%
               Subordinate %                                                              4.987218%
               Subordintate Prepay %                                                      0.000000%
               Senior Prepay %                                                          100.000000%
               Senior %                                                                  95.012782%
  Group Group 3
               CPR                                                                        2.013116%
               Subordinate %                                                              2.198575%
               Subordintate Prepay %                                                      0.000000%
               Senior Prepay %                                                          100.000000%
               Senior %                                                                  97.801425%

  
  Group